Oregon Statutes 244.047 – Financial interest in public contract
(1) As used in this section:
Terms Used In Oregon Statutes 244.047
- Contract: A legal written agreement that becomes binding when signed.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
- public body: means state government bodies, local government bodies and special government bodies. See Oregon Statutes 174.109
- Public official: means the First Partner and any person who, when an alleged violation of this chapter occurs, is serving the State of Oregon or any of its political subdivisions or any other public body as defined in ORS § 174. See Oregon Statutes 244.020
(a) ‘Public body’ has the meaning given that term in ORS § 174.109.
(b) ‘Public contract‘ has the meaning given that term in ORS § 279A.010.
(2) Except as provided in subsection (4) of this section, a person who ceases to hold a position as a public official may not have a direct beneficial financial interest in a public contract described in subsection (3) of this section for two years after the date the contract was authorized.
(3) Subsection (2) of this section applies to a public contract that was authorized by:
(a) The person acting in the capacity of a public official; or
(b) A board, commission, council, bureau, committee or other governing body of a public body of which the person was a member when the contract was authorized.
(4) Subsection (2) of this section does not apply to a person who was a member of a board, commission, council, bureau, committee or other governing body of a public body when the contract was authorized, but who did not participate in the authorization of the contract. [2007 c.877 § 23a; 2009 c.689 § 4a]